30 Dec 2024 Financial Markets The Baht strengthened while the SET closed above 1,400 points at the end of the week คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star • The Thai stock market rose almost throughout the week amid thin transaction volume ahead of year-end. The SET surged from the beginning of the week (after having fallen sharply earlier) in line with other regional stock markets as US avoided a government shutdown. The SET was also boosted by year-end purchases of tax savings funds, steady growth in Thailand’s exports for November 2024, and optimistic towards the government’s economic stimulus measures in 2025, which in turn stimulated the purchases of various stocks, led by those in the retail sector. The SET dropped briefly during the week due to sell-offs of power plant stocks as the NEPC resolved to suspend the purchases of electricity from renewable sources. However, the SET resumed to close above 1,400 points at the end of the week following the boost of window dressing, amid thin transaction volume as investors held off on trading before New Year holidays. • On Friday, December 27, 2024, the SET closed at 1,401.46 points, up 2.67% over-week. The average daily trading value was THB31,401.77 million, down 38.01% over-week. The mai closed at 310.10 points, up 2.42% over-week. • December 30, 2024 – January 3, 2025, KSecurities expects the SET to have support at 1,385 and 1,375 points, but resistance at 1,410 and 1,420 points, respectively. KResearch advises investors to watch key factors, including year-end Window Dressing and foreign fund flows. The US economic data that warrant close monitoring include Manufacturing ISM/PMI for December 2024, Pending Home Sales for November 2024, plus Weekly Jobless Claims. Close attention must also be paid to Manufacturing PMI for December 2024 of Japan, China and Eurozone. From January 2 to December 27, 2024, the SET closed at 1,401.46 points on December 27, down 1.02% from 1,415.85 points at the end of 2023. The SET fluctuated downwardly from the beginning of the year amid various negative factors at home and abroad, including concerns about Thailand’s economic outlook due to the downward revision of Thailand’s 2024 and 2025 GDP growth rates by several agencies, concerns that the Fed would hold rates higher for longer, tensions in the Middle East, particularly between Israel-Lebanon, plus uncertainties surrounding domestic political issues. The SET hit its lowest level in 3 years and 9 months at 1,273.17 points early August before rebounding later in the year. Factors that boosted the SET to gradually rise during 3Q-2024 were the smooth vote of a new prime minister and the establishment of the Cabinet, the better-than-expected Thai GDP growth in 2Q-2024, the subscription of Vayupak Fund, policy rate cuts by the FOMC and the BOT’s MPC. However, after reaching the highest level in more than a year at 1,506.82 points during mid-October, the SET gradually pared gains until the end of the year, as the market anticipated a slower pace of Fed’s rate cuts View full article Login / Register Or Enter the code from the poll Annotation This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow. Financial Markets SET Index Related Analysis View all 26 Feb 2018 Financial Markets “The Baht weakened slightly, while the SET closed at near last week’s level.” The Baht fell slightly against the US Dollar. The Baht briefly rose early in the week as the US dollar tumbled on a weak US New Home Sales report and falling US bond yields. However, the Baht reversed those gains and weakened later on the Fed Chairman’s viewpoint toward US overall economic and inflation outlooks that reinforced expectations of further US monetary tightening. However, the Dollar’s upside gains were capped later after the Fed Chairman said that there was yet to be seen any clear picture toward wage increases in the US. In addition, concern toward US trade protectionism weighed on the US Dollar sentiment. ... Read more 0 KB 0 KB 19 Feb 2018 Financial Markets “The Baht weakened, while the SET rebounded to over 1,800 points after some sell-offs.” The Baht weakened against the US Dollar. The Baht fell to mid week amid the US Dollar short-covering ahead of the release of the latest FOMC minutes. The US dollar also gained on the US rate-hike outlook and rising US bond yields. However, the Baht pared some losses somewhat later in the week on investors’ position adjustments. ... Read more 0 KB 0 KB 12 Feb 2018 Financial Markets “The Baht bounced back to over a 4-year high, and the SET rose over 1,800 points.” ... Read more 0 KB 0 KB 5 Feb 2018 Financial Markets “The Baht weakened as the SET faced foreign investor sell-offs throughout the week.” ... Read more 0 KB 0 KB 29 Jan 2018 Financial Markets “The Baht traded in a narrow range, while the SET followed foreign factors.” ... Read more 0 KB 0 KB 22 Jan 2018 Financial Markets “The Baht hit an over 4-year high, while the SET improved late in the week.” ... Read more 0 KB 0 KB View all